Artificial intelligence surged into a new phase of scale and influence this week, as OpenAI reported it has crossed $10 billion in annual recurring revenue, nearly doubling its income from the previous year. The company attributed the growth to widespread adoption of ChatGPT across consumer, business and API offerings. Meanwhile, Meta made a decisive move to bolster its own AI ambitions with a $14.3 billion investment in Scale AI, acquiring nearly half of the data-labeling startup and hiring its CEO, Alexandr Wang, to join its superintelligence team.
Tech giants weren’t the only ones making waves. Apple used its WWDC 2025 platform to unveil a new set of AI-powered developer tools focused on privacy and local device processing. At the same time, Multiverse Computing raised $215 million to scale its LLM compression platform, and new venture fund Seven Stars announced $40 million to back early-stage AI startups. These moves come as governments and institutions tighten oversight, with the FAA issuing a new interim policy on generative AI use, and Ohio State University setting a new precedent by making AI literacy a graduation requirement for all students by 2029.
On the research front, Apple scientists published findings questioning whether advanced models truly “reason,” while University of Cambridge researchers unveiled a flexible electronic skin that lets robots detect human-like touch. Looking ahead, the global AI community turns to Anaheim for AIM 2025, the 3rd World Congress on Artificial Intelligence in Materials and Manufacturing, which kicks off June 15 with a focus on cross-sector collaboration in materials science.
Industry & Enterprise
OpenAI Reaches $10B Annual Revenue Milestone as ChatGPT Adoption Surges
OpenAI has announced it has surpassed $10 billion in annual recurring revenue, nearly doubling its income from the previous year. The figure includes revenue from its consumer-facing ChatGPT products, business tools, and API services, according to a spokesperson speaking to CNBC.(AI Insider)
Meta Invests $14.3 Billion in Scale AI, Poaches CEO
Meta has invested $14.3 billion for a 49% stake in Scale AI, valuing the data-labeling startup at $29 billion and deepening their partnership to support Meta’s AI model development. Scale AI CEO Alexandr Wang will step down to join Meta’s superintelligence efforts, while remaining on Scale’s board, with Jason Droege stepping in as interim CEO. (TechCrunch)
Apple Unveils AI-Powered Developer Tools
Apple unveiled new AI-powered developer tools at WWDC 2025, emphasizing privacy-focused, on-device intelligence for iOS, iPadOS, and macOS apps. The new Foundation Models framework allows developers to build generative AI features such as summarization and smart suggestions directly into apps using Apple’s Swift language, with all processing done locally to avoid cloud-based data risks.(AI Insider)
Research & Innovation
Be Reasonable: ‘Reasoning’ Models Don’t Really Reason, Apple Scientists Report
A new Apple study finds that advanced AI reasoning models struggle with complex problem-solving, often failing completely as task difficulty increases. The research shows that Large Reasoning Models (LRMs) reduce reasoning effort as puzzles grow harder. (AI Insider)
Cambridge Researchers Develop Flexible Electronic Skin to Give Robots Sense of ‘Human Touch’
Researchers from the University of Cambridge and UCL have developed a meltable, flexible electronic skin capable of sensing and processing multiple types of physical contact across its entire surface.The skin detects over 860,000 conductive pathways, enabling it to recognize taps, pressure, temperature changes, and physical damage, using machine learning to identify the most relevant signals. (AI Insider)
Policy & Governance
FAA Sets Interim AI Policy
The FAA has issued an interim policy outlining strict guidelines for the ethical and responsible use of generative AI by its personnel and contractors, focusing on areas such as cybersecurity, intellectual property, and operational integrity. The policy prohibits using generative AI for malicious, deceptive, or noncompliant activities, and bars its output from being treated as authoritative evidence or justification for agency decisions. (Aviation International News)
Ohio State to Require ‘AI of ‘AI Fluency’ of All Students
The Ohio State University will embed artificial intelligence into its undergraduate curriculum starting in fall 2025, making AI literacy a graduation requirement for all students by 2029. Backed by the university’s Education for Citizenship 2035 strategic plan, the “AI Fluency” initiative introduces foundational AI concepts through core seminars, open-access courses, and experiential learning across all disciplines. (AI Insider)
Startups & Capital
Multiverse Computing Raises $215 Million to Scale LLM Compression Technology
Multiverse Computing has raised $215 million (€189 million) to scale an AI model compression tool that reduces large language model size by up to 95%. The model, called CompactifAI, enables 4x–12x faster processing and 50%–80% lower inference costs, making it possible to run advanced AI models on devices ranging from phones to Raspberry Pi. (AI Insider)
Seven Stars Launches $40 Million AI Startup Fund
Seven Stars, founded by former SV Angel partner Steven Lee, has launched a $40 million pre-seed and seed-stage fund focused on early-stage AI startups across consumer and enterprise sectors.The fund was oversubscribed within five weeks and is backed by institutional LPs including university endowments, pension funds, and foundations. (AI Insider)
Upcoming Events
3rd World Congress on Artificial Intelligence in Materials and Manufacturing (AIM 2025)
The 3rd World Congress on Artificial Intelligence in Materials and Manufacturing (AIM 2025), held June 15–19 in Anaheim, will bring together experts from academia, industry, and government to explore AI’s growing role in materials science and engineering. As part of the TMS Specialty Congress, the event offers focused technical sessions alongside cross-disciplinary collaboration with co-located conferences on computational materials and 3D materials science. (AIM 2025)
